Nisa Investment Advisors LLC Has $5.57 Million Holdings in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Nisa Investment Advisors LLC raised its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 39.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,525 shares of the auto parts company’s stock after purchasing an additional 14,540 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Allison Transmission worth $5,568,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Glenmede Trust Co. NA lifted its holdings in Allison Transmission by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after buying an additional 4,261 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Allison Transmission in the 3rd quarter valued at about $947,000. Franklin Resources Inc. boosted its position in shares of Allison Transmission by 46.8% during the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after purchasing an additional 79,745 shares in the last quarter. Tri Ri Asset Management Corp acquired a new stake in Allison Transmission during the third quarter worth approximately $5,932,000. Finally, Oppenheimer & Co. Inc. increased its holdings in Allison Transmission by 133.0% in the third quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock worth $1,337,000 after purchasing an additional 7,944 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Price Performance

ALSN stock opened at $119.54 on Friday. The company has a market capitalization of $10.35 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. Allison Transmission Holdings, Inc. has a 52-week low of $58.77 and a 52-week high of $122.53. The business has a 50-day simple moving average of $114.19 and a two-hundred day simple moving average of $100.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same quarter in the prior year, the company posted $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. Research analysts expect that Allison Transmission Holdings, Inc. will post 8.28 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALSN. Morgan Stanley increased their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Citigroup dropped their price objective on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th. Oppenheimer boosted their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.38.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock valued at $2,683,537. Corporate insiders own 1.10% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.